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Tag: Gil Beserglik

June 6, 2021

US SEC settles fraud complaint against binary options fraudsters Kai Petersen, Gil Beserglik et al

54-year-old German Kai Petersen a/k/a Kai Haupt and his Israeli partners Gil Beserglik and his son Raz Beserglik have been major players in the binary options and forex fraud industry between 2014 and 2020. Their scam brands and boiler rooms have defrauded tens of thousands of investors out of as much as $100 million the SEC has alleged in a fraud lawsuit. The US regulator claims that Bloombex Options, Morton Finance, and Starling Capital ripped off $100 million. And these were only three of many other scams. On May 25, 2021, the SEC announced a cheap settlement in this case.

October 28, 2020

How to vanish from Google Search – Alleged German Scammer changed his names

The German Kai Christian Petersen is accused by the U.S. SEC of being one of the masterminds of a worldwide binary fraud scheme. In September 2019, the SEC filed a complaint against Petersen and his Israeli partners Gil Beserglik and Raz Beserglik. German BaFin and other EU regulators have also issued cease-and-desist orders and warnings against Petersen's companies and brands. An excellent reason to disappear from the online public, isn't it?

October 13, 2020

FinTech Service – I did not do that! Confessions of an alleged scammer and scam facilitator!

On May 8, 2018, the German regulator BaFin issued an order that Kai Petersen's FinTech Service GmbH, registered in Dusseldorf, Germany, should cease support for scam brokers. An appeal against this order was denied by the court in Frankfurt. In September 2019, the U.S. SEC filed a complaint against Kai Petersen and his Israeli partners Gil Beserglik and Raz Beserglik charging them with binary options fraud. FinTelegram has reported and Kai Petersen has contacted FinTelegram to contest on of ten counts.

September 28, 2019

Binary options lawsuits in Israel – SEC complaint was a ‘New Year’s gift for plaintiffs’ in a ‘mocking’ court environment lawyer said!

The U.S. authorities’ crackdown on the binary options scammer has had a positive impact on retail investors worldwide. The findings of the U.S. regulatory and..

September 27, 2019

U.S. Regulator SEC goes for GreyMountain Management-related binary options scheme perpetrators

The U.S. Securities and Exchange Commission (SEC) announced that three foreign individuals, Gil Beserglik (Israeli and lives in Germany), Raz Beserglik (Israeli also head of..

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.